Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
JSW Steel Limited ( (IN:JSWSTEEL) ) has issued an update.
JSW Steel Limited has received approval from the Competition Commission of India for its proposed 50:50 strategic joint venture with Japan’s JFE Steel Corporation involving the steel business undertaking of Bhushan Power and Steel Limited. The clearance allows JSW to proceed with transferring Bhushan Power and Steel’s steel business to JSW Sambalpur Steel Limited through a slump sale on a going concern basis, marking a significant step in consolidating and scaling its steel operations and potentially enhancing its competitive positioning in the Indian steel market.
More about JSW Steel Limited
JSW Steel Limited is one of India’s leading steel producers, operating across the steel value chain with a focus on flat and long products for domestic and global markets. The company serves key sectors such as infrastructure, automotive, construction and manufacturing, and has been expanding through acquisitions and strategic partnerships to strengthen its position in the Indian and international steel industry.
Average Trading Volume: 55,427
Technical Sentiment Signal: Buy
Current Market Cap: 2894B INR
See more insights into JSWSTEEL stock on TipRanks’ Stock Analysis page.